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d(Listed Subsidiary of Network18)
I N.COM MAKES A SPECTACULAR DEBUT; EMERGES AS THE 2ND LARGEST I NDI AN ONLI NE DESTI NATI ON (next to rediff.com); AHEAD OF I NDI ATI MES.COM & NAUKRI .COM WI THI N 2 MONTHS OF BETA LAUNCH(Source: Comscore Sep’08 & Google Analytics)
W EB18 NETW ORK SURGES AHEAD OF ESTABLI SHED ENTI TI ES LI KE TI MES I NTERNET,
FACEBOOK.COM AND SI FY.COM (in I ndian market s); I N.COM SURPASSES
I NDI ATI MES.COM; MONEYCONTROL.COM LEADS WSJ.COM AND FOOLS.COM FOR THE
ENTI RE QUARTER (Sources: Comscore Sept’08 & Alexa.com)
INTERNET REVENUES UP 16% (QoQ) AND 24% (YoY); AGGRESSIVE MARKETING COSTS
W RI TTEN OFF I N CURRENT QUARTER
CNBC-TV18 and CNBC-AWAAZ MAI NTAI N QoQ PERFORMANCE I N CHALLENGI NG
ENVI RONMENT:
o
NEWS OPERATION’S REVENUES UP 7% (QoQ); EBITDA GAINS 13% (QoQ)
o
OPERATI NG MARGI NS AT 39.60% ; UP 194 bps SEQUENTI ALLY
CNBC-TV18 AND CNBC AWAAZ TOGETHER CORNER MORE THAN 65% MARKET SHARE;
CNBC-TV18 I S DOUBLE THE SI ZE OF NDTV 24x7 & TI MES NOW; CNBC AWAAZ I S DOUBLE
THE SI ZE OF NDTV PROFI T
NEWSWIRE18 REVENUES UP 14% (QoQ) AND 107% (YoY) – PLANS TO DISTRIBUTE
TERMI NALS I N OVERSEAS MARKETS
I NFOMEDI A18 – I MPRESSI VE BEGI NNI NG FOR ALI BABA PARTNERSHI P; “ OVERDRI VE”
CELEBRATES 1 0 YEARS OF LEADERSHI P
* The Company has taken control of the Board of Directors of I nfomedia18 Limited on August 21,2008 and consequently the results of
I nfomedia18 Limited have been consolidated for the period from 21st August 2008 to 30th September 2008 on the basis of the management
control.
Television Eighteen I ndia Limited:
Consolidated Unaudited Financial Performance for the Quarter ended 30th September 2008
Rs. mn.
Q2
2008-09
Q2
2007-08
Q1
2008-09
Total Revenues (Part I, II, III and IV)
1302.60
882.98
929.92
Part I : News Operations
Rs. mn.
Particulars
Q2 2008-09 Q2 2007-08 Q1 2008-09
REVENUES: NEWS OPERATI ONS
808.23
735.05
753.35
Operating Expense
488.19
377.45
469.65
Operating Profit
320.04
357.60
283.70
Operating Margin
39.60%
48.65%
37.66%
Net Outflow on Revenue Share with CNBC
(45.04)
(42.94)
(34.09)
Interest/Income from Investments
128.56
66.56
152.39
Interest Expense
(221.11)
(101.21)
(210.38)
Interest (Net)
(92.54)
(34.64)
(57.99)
Depreciation
(55.49)
(48.10)
(51.26)
Total Profit Before Tax, Minority I nterest
and ESOP Charge Out
126.96
231.92
140.36
Provision for Current Tax/FBT
23.47
26.01
13.76
Profit After Tax
(before minority interest and ESOP charge out)
103.49
205.91
126.60
Minority Interest
0.00
0.00
0.00
Profit After Tax and Minority I nterest
(before ESOP charge out)
103.49
205.91
126.60
ESOP Charge Out
27.43
48.98
29.29
Profit After Tax and ESOP Charge Out
76.06
156.93
97.31
Exchange Fluctuations
(33.28)
(5.63)
(4.50)
Profit After Exchange Fluctuations
42.78
151.30
92.81
Provision for Deferred tax
0.00
0.00
0.00
Net Profit After Deferred Tax
42.78
151.30
92.81
Paid up Equity Share Capital
599.39
286.00
598.42
EPS (Rs.) w ithout ESOP charge out
0.59
3.50
1.02
EPS (Rs.) w ith ESOP charge out
0.36
2.65
0.78
Revenues of Web18, Newswire18 and Infomedia18 are given on the following pages.
Television Eighteen I ndia Limited:
Consolidated Unaudited Financial Performance for the Quarter ended 30th September 2008
Part I I : Web18
Rs. mn.
Particulars
Q2 2008-09
Q2 2007-08 Q1 2008-09
REVENUES: OPERATI ONS
152.68
123.24
131.58
Operating Expense
342.48
180.77
187.53
Operating Profit
(189.80)
(57.53)
(55.95)
Interest/Income from Investments
0.77
2.78
0.97
Interest Expense
(6.87)
(2.58)
(5.10)
Interest (Net)
(6.10)
0.20
(4.13)
Depreciation
(46.36)
(30.87)
(17.57)
Total Profit Before Tax and Minority Interest and
ESOP Charge Out
(242.27)
(88.21)
(77.65)
Provision for Current Tax/FBT
5.80
12.12
0.32
Profit After Tax
(before minority interest and ESOP charge out)
(248.07)
(100.32)
(77.97)
Minority I nterest
(10.03)
(22.72)
(1.39)
Profit After Tax and Minority Interest
(238.04)
(77.60)
(76.57)
ESOP Charge Out
8.37
0.00
3.44
Profit After Tax and ESOP Charge Out
(246.41)
(77.60)
(80.01)
Exchange Fluctuations
(0.73)
(5.50)
0.00
Profit After Exchange Fluctuations
(247.14)
(83.10)
(80.01)
Provision for Deferred tax
0.00
0.00
0.00
Net Profit After Deferred Tax
(247.14)
(83.10)
(80.01)
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